Experience in system integration and process mapping to Basel II business standards utilizing SAS, Oracle, and Informatica.

Oracle Reveleus

Deep consulting and integration expertise of Reveleus' Business Intelligence and Decision Support System, including:

Customer Profitability

CRM Analytics

Channel Analytics

Enterprise Financial Performance

Credit Risk Analytics

Asset Liability Management

Funds Transfer Pricing

Moody's Analytics

In depth expert-level knowledge in system implementation and process customizations of all Algorithmics modules, Moody's Fermat integrated risk and performance management software, as well as Moody's Risk Frontier credit portfolio management and economic capital including:

Commercial Mortgage Metrics

CreditEdge

Fermat - CAD

Fermat - Liquidity Risk

Financial Analyst

LossCalc

Credit Monitor

CreditMark

GCorr

Portfolio Manager

RiskFrontier

RiskAdvisor

RiskAnalyst

RiskCalc

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Basel II
The Banking and Financial Services industry has undergone significant transformation in various critical business processes like risk management practices, supervisory approaches, and capital requirement assessments. Since the introduction of Basel II Accord, Consolidation, Advanced Risk Management techniques, Data Management and Reporting models have evolved as a major concern.

Pillar III of Basel II Accord complements the minimum capital requirements (Pillar I) and the supervisory review process (Pillar II). It features Market Discipline that requires banks to disclose essential information regarding their capital allocation and the risks they take beyond current financial reporting guidelines.

Maintain data integrity - Banks should prevent identity theft and data leakage by applying the principles of least privilege and deft error handling. External electronic devices like pen drives and camera phones should be restricted as far as possible. Firewalls should be in put in place and constantly updated to prevent malware or spyware from infecting the system.

Prevent unauthorized transactions into the system - A robust authentication system will prevent system compromise and fraud. Apart from recognized legitimate agents, no one else must be allowed to execute transactions within the bank. The code developed must ensure that there is no provision for a guest account to be created. Strong password policies should be implemented with strong encryption. An automatic system log-off should be used to prevent unauthorized users from accessing an unguarded system.

Prevent unauthorized changes to the software - Unauthorized modifications to the bank software lead to fraudulent practices and render the system weak. A robust change management system that allows only authorized changes should be implemented. Every change should be tracked and monitored. In case of suspected fraud, the change management system must leave a clear audit trail that traces every change in the system.

Ensure system backup - Basel II mandates that the system must be available always. System back-up plans should be put in place. The system must be able to withstand high loads and perform at optimal speeds. It is impractical to revert to manual calculation in case of system downtime or failure. So it is extremely crucial to have in place contingencies that can handle unexpected system downtime and failures.

Implement business continuity/disaster recovery plans - In a business environment characterized by natural disasters, vandalism, terrorist attacks, epidemics and technological failures, it is imperative to implement an effective business continuity plan. Banks should develop a recovery strategy that targets technical systems, management and employees. The awareness around BCP plans should be raised and mock drills conducted. Effective crisis communication tools should also be developed.

Jaggy supports banks across their complete Basel II implementation life-cycle through the following service offerings: